Argentina: To toast with beer, barley has all the winds in its favor

Published 2022년 5월 14일

Tridge summary

The 2022/23 wheat planting area is expected to decrease due to rising costs and political uncertainty, but barley planting is set to increase, compensating for the reduction in wheat. The Buenos Aires Cereals Exchange projects an 8.3% increase in barley sowing, reaching 1.3 million hectares. Despite the investment in inferior technology due to increasing costs, production is estimated to reach 5.4 million tons, an increase of 200,000 tons from the previous year. Barley is becoming more popular due to its high yields and favorable agroecological conditions in Argentina. However, concerns include the potential of Australian barley entering China and Argentine political and economic uncertainty.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Within the framework of the A Todo Trigo congress that took place between last Thursday and Friday, one of the data that stood out was the confirmation that the 2022/23 wheat area will decrease as a result of the rise in costs and also in the face of political uncertainty and the fears of interventions that producers have. But that does not mean that the total area planted with fine crops will be reduced: what has also been confirmed is that barley will continue to conquer more land in the country. According to the projection of the Buenos Aires Cereals Exchange, the sowing of barley would increase 8.3% or 100,000 hectares to 1.3 million, so that the total area of fine would remain at 7.9 million hectares, because they would be compensated the 100,000 fewer that wheat will have. In this framework, as lower yields are expected as a result of an investment in inferior technology due to rising costs, production this year would reach 5.4 million tons, 3.8% or 200,000 tons more than ...

Source: ARInfocampo